However, despite the Andre Citroen was a smart he was a gambler and a week individual. The bad financial circumstances of his company leaded the company to bankruptcy. In 1934 the car company was took over by the major creditor – Michelin Company. A year after, Citroen died from stomach cancer.
Nevertheless, the story about Citroen vehicle business does not end.
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Citroen was a brand and brand does not die as an owner. Nowadays, in 2014 there are still Citroen’s vehicles at our streets. Moreover, there are still manufactured new autos.
1976 was a very influential year for the Citroen Corporation. In this year the automobile company becomes a part of vehicle concern named in short PSA, a full name is Peugeot Societe Anonyme.
PSA was established in 1976 and now is a large manufacturer of cars, commercial cars and motorcycles. The PSA has produced such marks like: Citroen, Peugeot, Simca, Talbot and Panhard.
Key people of the car business are: Philippe Varin who is boss and Thierry Peugeot who is a chairman of the management board.
PSA is a great manufacturer of autos, commercial vehicles and motorbikes. Nevertheless, just two makes of PSA have made an international career. They are: Citroen and Peugeot.
Automobiles are available in our daily life and individuals do not consider how creators made them. They only sit and go and in this way they made the constructors’ dreams come true.